The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Monster Worldwide missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted to a loss.
Gross margins grew, operating margins dropped, net margins dropped.
Monster Worldwide reported revenue of $221.7 million. The 10 analysts polled by S&P Capital IQ anticipated revenue of $234.0 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $259.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.09. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS were -$1.73 for Q3 versus $0.26 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.5%, 440 basis points better than the prior-year quarter. Operating margin was 6.7%, 320 basis points worse than the prior-year quarter. Net margin was -87.6%, 9,990 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $231.8 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $948.1 million. The average EPS estimate is $0.20.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 245 members out of 315 rating the stock outperform, and 70 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Monster Worldwide a green thumbs-up, and 31 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monster Worldwide is outperform, with an average price target of $9.69.
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